LONGi
LONGi Green Energy Technology Co. Ltd. or LONGi Group, formerly Xi'an Longi Silicon Materials Corporation, is a Chinese photovoltaics company, a major manufacturer of solar modules and a developer of solar power projects.
LONGi is the world's largest manufacturer of monocrystalline silicon wafers and is listed on the Shanghai Stock Exchange.
History
The company was founded 14 February 2000 by Li Zhenguo as, with its corporate headquarters in Xi'an, Shaanxi. It changed its name in February 2017 to to better reflect its wider manufacturing scope after its acquisition of LERRI Solar, and also dropped the "Xi'an" location as part of the name.In early 2016, LONGi signed a $1.84 billion solar panel sales agreement with SunEdison Products Singapore and agreed to purchase silicon manufactured in South Korea. LONGi also took over SunEdison's Malaysian silicon plant.
In early 2018, LONGi announced plans to build a new 5 GW module assembly plant in the Chuzhou Economic and Technological Development Zone in China's Anhui province, pending an internal review process, then an investment of approximately RMB 1.95 billion and approximately 28 months of construction and start-up for manufacturing operations to commence.
In 2023, the U.S. Department of Commerce ruled that Vina Solar, a subsidiary of LONGi was circumventing tariffs for Chinese made products.
In 2024, LONGi announced plans to reduce workforce overcapacity by 30% staff reductions. In April 2024, the European Commission initiated an investigation into LONGi over anti-competitive subsidies.
Subsidiaries and acquisitions
- LERRI Solar Technology Co., Ltd. was acquired by LONGi in 2014.
- LONGi Solar
Operations
Longi Silicon is a member of the Silicon Module Super League, which had been a group of big-six c-Si module suppliers in the solar PV industry today until Longi was admitted. The other six members of the SMSL group are Canadian Solar, Hanwha Q CELLS, JA Solar, Jinko Solar, Trina Solar, and GCL.
Longi Silicon has been listed on the Shanghai Stock Exchange since April 2012.
LONGi has been called the fastest growing PV manufacturer in the industry. LONGi annual revenue in 2013 was derived entirely from selling around US$330 million of mono c-Si wafers, but by 2016 that annual revenue had skyrocketed to approximately US$1.67 billion. That was a nearly 94% increase over the 2015 fiscal year, which had itself generated a revenue growth of around 61% over the year before.
LONGi has manufacturing plants in Mainland China, India and Malaysia, and has acquired production facilities from other companies, including from American manufacturer SunEdison. However, Photon.Info reports that Longi Green Energy is mulling an open manufactory in the USA.
Products
- P/N-type Mono-crystalline silicon wafer
- P/N-type Mono-crystalline ingots
- Bifacial solar cells